The Aged Care Royal Commission had laid down its findings. These should be the source of great shame for the Government. But also for Labor – who failed to prioritise the issue over the decades as well. It now falls to Labor Federal Opposition Leader Anthony Albanese to drop the small target, no new taxes policy and promise to fund comprehensive, needs-based Aged Care with ongoing and significant progressive tax reform. Labor could plan for incremental reform over a ten year timeframe, peaking at 5 per cent of GDP in new progressive taxation. But aiming for 1% to 1.5% of GDP in a first term.
Mar 05 2021
Weekly Broker Wrap: BNPL rankings; investor interest in beef; Aged Care RC; APRA to tighten lending; happy Aussies
-Greater clarity into the BNPL sector
-Sustainability drives beef innovation
-Macroprudential measures ahead
By Mark Story
Tracking customer momentum: BNPL
Within a new dataset, which will be updated monthly, Macquarie tracks the number and average score of ratings across Google Play and Apple App store to gain further colour on Buy Now, Pay Later (BNPL) customer usage and sentiment.
Given that customer growth and market share are a key focus metric within the BNPL sector, Macquarie will continue to track these statistics as a proxy for any changes in market share, growth and sentiment across the BNPL landscape.
The Royal Commission into Aged Care has now delivered its final report, and its findings are an indictment of the inadequacies of the present system. The report calls for a refocus within the aged care system, placing the people receiving care at the centre.
However the feasibility and affordability of the 148 recommendations are yet to be assessed.
Patricia Sparrow is CEO of Aged & Community Services Australia, a peak body which represents not-for-profit members providing residential care for some 450,000 people throughout the country.
Speaking to Michelle Grattan, she says she is disappointed the commmission did not provide estimates of the funding needed to reform the system.